Minerals Development Act 2017
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Determination of entitlement to and amount of compensation | ||
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125. (1) After receiving a claim for compensation that has not been extinguished under section 124 , the Mining Board, in accordance with Chapter 3 of Part 6, shall determine entitlement to compensation and award compensation in an amount equal to the value (if any), on the date of the order, of the estate or interest acquired together with interest at the prescribed rate on the amount from the date of the order to the date of payment. | ||
(2) The assessment of compensation shall be governed by— | ||
(a) the rules in section 2 of the Acquisition of Land (Assessment of Compensation) Act 1919 (including those rules that apply where compensation is payable by a planning authority) and references to a “property arbitrator” in those rules shall be read as references to the Mining Board, and | ||
(b) section 63 of the Lands Clauses Consolidation Act 1845 . | ||
(3) The Minister shall pay the amount of compensation awarded by the Mining Board. |